BoB keeps hawkeye on digital currencies

Moses Pelaelo's BoB is monitoring new payment methods
Moses Pelaelo's BoB is monitoring new payment methods

The Bank of Botswana (BoB) says it is keeping a close watch on cryptocurrencies that seem to be gradually making their way into the country.

Cryptocurrencies, described as digital or virtual currencies that use cryptography for security, are yet to be brought under any regulatory framework in Botswana.

Bitcoin, a virtual currency whose value has been soaring in international markets in recent months, is  said to be by far the most famous of these cryptocurrencies.

Editor's Comment
UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

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